Decibel Cannabis Company Inc (DB:CA) Stock Forecast
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CAD 0.23
(+275.00%)
Based on the Decibel Cannabis Company Inc stock forecast from 2 analysts, the average analyst target price for Decibel Cannabis Company Inc is CAD 0.23 over the next 12 months. Decibel Cannabis Company Inc’s average analyst rating is Strong Buy. Stock Target Advisor’s own stock analysis of Decibel Cannabis Company Inc is Slightly Bullish , which is based on 6 positive signals and 3 negative signals. At the last closing, Decibel Cannabis Company Inc’s stock price was CAD 0.06. Decibel Cannabis Company Inc’s stock price has changed by -7.69% over the past week, +20.00% over the past month and -57.14% over the last year.
Analyst Ratings
Target Price Action
Rating Action
Analyst
Rating
Price
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Stock Target Advisor's Analysis
This is a composite scorecard based on the application of evaluation criteria deemed most important by analysts. This is not a buy or sell recommendation.
What to like
Underpriced compared to book value
The stock is trading low compared to its peers on a price to book value basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.
Positive cash flow
The company had positive total cash flow in the most recent four quarters.
Positive free cash flow
The company had positive total free cash flow in the most recent four quarters.
Superior return on assets
The company management has delivered better return on assets in the most recent 4 quarters than its peers, placing it in the top quartile.
Superior capital utilization
The company management has delivered better return on invested capital in the most recent 4 quarters than its peers, placing it in the top quartile.
Superior return on equity
The company management has delivered better return on equity in the most recent 4 quarters than its peers, placing it in the top quartile.
What not to like
Overpriced on cashflow basis
The stock is trading high compared to its peers on a price to cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.
Highly leveraged
The company is in the bottom half compared to its sector peers on debt to equity and is highly leveraged. However, do check the news and look at its sector and management statements. Sometimes this is high because the company is trying to grow aggressively.
Overpriced on free cash flow basis
The stock is trading high compared to its peers on a price to free cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.
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